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UK gross domestic product expanded by 0.7% in the third quarter, marking its strongest quarterly performance in two and a half years and up from 0.5% in the second quarter.
Mohamed A. El-Erian reported that AI-related activities were the main growth drivers, resulting in Britain ranking near the top among G7 nations for growth.
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El-Erian previously reported that U.S.-friendly nations in Asia have reduced their purchases of U.S. government bonds. In a separate update, he noted that France overtook the UK in the largest government bond yield surge following U.S.-Israel attacks on Iran. These developments continue to shape financial market activity across the region.